HomeCURRENT AFFAIRSKnow How India Helps Sri Lanka

Know How India Helps Sri Lanka

India has emerged as a troubleshooter for Sri Lanka, which is going through an economic crisis. Gopal Baglay, High Commissioner of India to Sri Lanka, said that India has sent financial assistance of $ 250 million to Sri Lanka since January this year. He said that India has stood ready to help Sri Lanka.

India handed over a consignment of 40,000 MT of diesel under Indian assistance through the Line of Credit of USD 500 million. This is the fourth such assistance from India. Gopal Baglay said that in these four consignments, more than 150,000 metric tons of jet fuel, diesel and petrol have been transported to Sri Lanka.

India has agreed to provide a line of credit of $1 billion to Sri Lanka. This will help Sri Lanka to meet the shortage of essential commodities. India is the largest rice exporting country in the world. In such a situation, after the consignment of rice from India reaches Sri Lanka, the prices of rice there are expected to come down, which has doubled in the last one year. Sri Lanka is also in discussion with the International Monetary Fund (IMF) to overcome the economic crisis.

Meanwhile, Amnesty Watchdog, which monitors London’s Fundamental Rights, warned the Sri Lankan government that the declaration of emergency in the country in the name of public safety should not be an excuse for violation of human rights. A nationwide curfew has been announced in Sri Lanka, which will be from 6 am on Saturday to 6 am on Monday. Inflation is at its peak with severe power crisis in Sri Lanka.

Sri Lanka is currently going through the worst economic crisis in history. Long queues for fuel, cooking gas, short supply of essential commodities and long power cuts have led to unrest in Sri Lanka.

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